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MBAiling; have business schools lost touch with business? (editorial)
- Article from:
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The Economist (US)
- Article date:
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April 20, 1991
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Copyright informationCOPYRIGHT 1991 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ALONG with Porsches and portable telephones, the MBA IN was a potent symbol of success during the boom years of the 1980s. Would-be captains of industry scrambled for places at top business schools like Harvard, INSEAD and Stan. ford; companies outbid each other to pay the fattest salaries to the best of the crop. Armed with their degree as a Master of Business Administration, graduates of the classiest schools could sometimes double their pre-MBA salary. Small wonder, then, that the business-school business has blossomed. Close to 700 American schools churned out 75,000 MBA graduates last year; 120 or so European schools added a further 10,000 to that total.
With three ...
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